Relx PLC Correlations
| REL Stock | 3,025 4.00 0.13% |
The current 90-days correlation between Relx PLC and Chocoladefabriken Lindt Spruengli is 0.22 (i.e., Modest diversification). The correlation of Relx PLC is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Relx PLC Correlation With Market
Modest diversification
The correlation between Relx PLC and DJI is 0.24 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Relx PLC and DJI in the same portfolio, assuming nothing else is changed.
Relx |
The ability to find closely correlated positions to Relx PLC could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Relx PLC when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Relx PLC - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Relx PLC to buy it.
Moving together with Relx Stock
Moving against Relx Stock
| 0.92 | SSE | SSE PLC | PairCorr |
| 0.89 | SUS | SU plc | PairCorr |
| 0.82 | BNC | Banco Santander SA | PairCorr |
| 0.81 | 0J8P | IDEXX Laboratories | PairCorr |
| 0.81 | 0JWG | MKS Instruments | PairCorr |
| 0.8 | BIRG | Bank of Ireland | PairCorr |
| 0.76 | ALK | Alkemy Capital Inves | PairCorr |
| 0.75 | 0R29 | Intuitive Surgical | PairCorr |
| 0.75 | MNG | MG Plc | PairCorr |
| 0.74 | BAKK | Bakkavor Group PLC | PairCorr |
| 0.73 | 0R15 | SoftBank Group Corp | PairCorr |
| 0.73 | PCFT | Polar Capital Global | PairCorr |
| 0.72 | 0P4F | Ford Motor | PairCorr |
| 0.69 | 0LC3 | Synchrony Financial | PairCorr |
| 0.69 | EUA | Eurasia Mining | PairCorr |
| 0.67 | RS1 | RS GROUP PLC | PairCorr |
| 0.62 | STEM | SThree plc | PairCorr |
| 0.54 | 0KED | Infineon Technologies | PairCorr |
| 0.52 | EDV | Endeavour Mining Corp | PairCorr |
| 0.51 | TYT | Toyota Motor Corp | PairCorr |
| 0.4 | PPHC | Public Policy Holding Split | PairCorr |
| 0.87 | RE-B | REA Holdings plc | PairCorr |
| 0.77 | 0QZK | Coca Cola | PairCorr |
| 0.74 | GBSS | Gold Bullion Securities | PairCorr |
| 0.73 | IHG | InterContinental Hotels | PairCorr |
| 0.7 | 0P6S | Bayer AG NA | PairCorr |
| 0.68 | 0SCL | Schlumberger | PairCorr |
| 0.67 | 0J71 | JB Hunt Transport | PairCorr |
| 0.67 | CAD | Cadogan Petroleum plc | PairCorr |
| 0.66 | DRX | Drax Group PLC | PairCorr |
| 0.63 | FDM | FDM Group Holdings | PairCorr |
| 0.62 | ICGC | Irish Continental | PairCorr |
Related Correlations Analysis
Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Relx Stock performing well and Relx PLC Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Relx PLC's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 0R37 | 0.68 | 0.01 | (0.08) | 0.24 | 0.76 | 1.36 | 3.08 | |||
| 0O76 | 1.36 | 0.12 | 0.05 | 0.23 | 1.73 | 2.84 | 8.86 | |||
| 0O77 | 1.38 | 0.11 | 0.05 | 0.23 | 1.78 | 2.62 | 7.98 | |||
| 0QP1 | 0.88 | (0.13) | 0.00 | (0.33) | 0.00 | 1.38 | 6.74 | |||
| 0QKN | 0.76 | (0.04) | 0.00 | 0.37 | 0.00 | 1.84 | 6.40 | |||
| 0M69 | 13.39 | 3.87 | 0.00 | 1.61 | 0.00 | 0.00 | 221.33 | |||
| HSBK | 1.03 | 0.20 | 0.07 | (0.98) | 1.20 | 2.98 | 8.70 | |||
| 0R15 | 4.32 | 1.44 | 0.20 | (1.04) | 5.17 | 10.41 | 31.38 | |||
| KAP | 2.36 | 0.10 | 0.02 | 0.22 | 2.83 | 5.64 | 18.39 |
Be your own money manager
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Relx PLC Corporate Management
Elected by the shareholders, the Relx PLC's board of directors comprises two types of representatives: Relx PLC inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Relx. The board's role is to monitor Relx PLC's management team and ensure that shareholders' interests are well served. Relx PLC's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Relx PLC's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Wendy Diddell | COO VP | Profile | |
| Nicholas Luff | CFO Director | Profile | |
| JD IV | Chief Secretary | Profile | |
| Vijay Raghavan | Chief Risk | Profile | |
| Erik Engstrom | CEO Director | Profile | |
| Christopher Marshall | Power Marketing | Profile | |
| Mrcia Balisciano | Global Responsibility | Profile |